Global Payout merges prepaid payments with cannabis POS tools

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Global Payout is providing software to the makers of point of sale hardware for the cannabis industry, integrating payment card processing with other business services common for dispensaries.

The San Diego, Calif.-based prepaid payment provider is releasing its system’s application programming interface through its Nevada-based MTrac Tech Corp. unit to allow terminal manufacturers to incorporate payments. MTrac began initial integrations late last year.

The process will merge inventory management and payment processing, eliminating the need for terminal providers to handle payments as a separate channel from features tracking seed to sales data and uploading that information daily into each state’s regulatory portal.

“We knew early on the value of getting our API ready for POS integrations, and we are thrilled

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